In 2012, it was a year of sorrow and joy for the LED lighting industry. After experiencing the shortage of orders, overcapacity, bosses running, and corporate failures, the LED lighting industry ushered in a huge financial subsidy of 2.2 billion yuan from the central government, which undoubtedly injected economic development into the LED lighting industry that has become "sickly ill". "cardiac".
Good policies drive the industry chain to benefit
Recently, the Ministry of Science and Technology released the "12th Five-Year Plan for Semiconductor Lighting Technology Development", which requires that the industry scale will reach 500 billion yuan by 2015, and 20-30 core technologies will be cultivated and more independent intellectual property rights will be acquired. Leading enterprises of independent brands, supporting 40-50 innovative high-tech enterprises and other requirements.
What impact does the government have on the LED industry subsidies for LED lighting companies? Wu Chaoguo, a senior industry researcher at China Business Intelligence Network, told reporters that China has spent 40 billion yuan on LED street lamp procurement and 30% financial subsidies for LED street lamp users. Wu Chaoguo said that the implementation of the subsidy policy will also stimulate the demand for the LED public lighting market and stimulate the demand for the civilian LED lighting market. In addition, the subsidy policy will involve product standards and will play a catalytic role in regulating the LED lighting market.
With the intensive release of LED industry policies and the announcement of the list of short-listed companies, the reporter recently saw in the stock market that the lighting industry has benefited from government financial subsidies, and the LED sector has recently become infinite.
Financial subsidy or the main cause of profit
Recently, some media reports said: "LED company Dehao Runda's total operating income in the first half of the year decreased by 1.01%, while net profit rose by 21.5%. For the company's operating profit, the net profit still maintains high growth, the company explained mainly Due to the overall gross profit margin, the increase in subsidy income and the comprehensive impact of operating expenses during the reporting period, the company's operating income in the first half of the year was as high as 150 million yuan, which was the main factor in its net profit growth."
The media also said that from the 2011 semi-annual report, the financial subsidies obtained by enterprises were higher than the net profit, the net profit was 271 million yuan, and the financial subsidies were as high as 298 million yuan. Due to the reduction in subsidies, it is expected that net profit in the first three quarters of this year may fall by 60%. Obviously, the performance of the company has almost completely followed the increase and decrease of financial subsidies, and the dependence on subsidies is relatively high.
He Zaihua, a senior researcher at China Investment Consulting, also said in an interview that the government's financial subsidies have indeed become a source of profit for LED companies to light up their performance. The domestic LED giants' profits have risen sharply, mainly due to financial subsidies.
Wu Chaoguo believes that the main reason for the growth of Dehao Runda's profit is that the company received the “Technology Three†subsidy of RMB 10 million and RMB 48.4 million from the local government of Wuhu City in March and June 2012 respectively. The net profit is still high.
According to media reports, Sanan Optoelectronics and Dehao Runda's net profit growth rate in 2011 exceeded 100%, of which government subsidies contributed 30% to Sanan Optoelectronics' net profit, and Dehao Runda was 79%. .
There is still a need to think coldly behind the "feast"
Financial subsidies, for some promising companies, can not only add to the company's icing on the cake, but also refresh the company's performance. For some companies that are about to fall into the quagmire of losses, they are in the snow. Being able to get huge government subsidies is a happy thing for companies. Financial subsidies can promote the industry to a certain extent, but it will also cause individual enterprises to fall into the quagmire of such "pies" in the sky.
"On the one hand, through capital subsidies to avoid a large number of industrial enterprises to close down, to help LED companies with market and technological advantages get out of the predicament, in line with China's policy guidance on energy conservation and emission reduction; on the other hand, this will lead to LED companies relying on government financial subsidies Sexuality, reducing its ability to resist risks and market competitiveness, is also not conducive to enterprises in the process of transformation and upgrading, strengthen research and development capabilities, improve the technical level." He Zaihua said.
Subsidized development is like a "opium". If a company is immersed in short-sighted effects for a long time, it is very unfavorable for the development of an industry. To this end, Wu Chaoguo told reporters that the way of bidding subsidies will lead to the dependence of enterprises, and the government's financial subsidies for blood transfusions are often inferior to those of hematopoiesis. In order to truly get rid of the market crisis, LED companies must increase R&D efforts and enhance the quality of products. Enterprises also enhance their competitiveness by merging, developing new technologies and designing new products.
Good policies drive the industry chain to benefit
Recently, the Ministry of Science and Technology released the "12th Five-Year Plan for Semiconductor Lighting Technology Development", which requires that the industry scale will reach 500 billion yuan by 2015, and 20-30 core technologies will be cultivated and more independent intellectual property rights will be acquired. Leading enterprises of independent brands, supporting 40-50 innovative high-tech enterprises and other requirements.
What impact does the government have on the LED industry subsidies for LED lighting companies? Wu Chaoguo, a senior industry researcher at China Business Intelligence Network, told reporters that China has spent 40 billion yuan on LED street lamp procurement and 30% financial subsidies for LED street lamp users. Wu Chaoguo said that the implementation of the subsidy policy will also stimulate the demand for the LED public lighting market and stimulate the demand for the civilian LED lighting market. In addition, the subsidy policy will involve product standards and will play a catalytic role in regulating the LED lighting market.
With the intensive release of LED industry policies and the announcement of the list of short-listed companies, the reporter recently saw in the stock market that the lighting industry has benefited from government financial subsidies, and the LED sector has recently become infinite.
Financial subsidy or the main cause of profit
Recently, some media reports said: "LED company Dehao Runda's total operating income in the first half of the year decreased by 1.01%, while net profit rose by 21.5%. For the company's operating profit, the net profit still maintains high growth, the company explained mainly Due to the overall gross profit margin, the increase in subsidy income and the comprehensive impact of operating expenses during the reporting period, the company's operating income in the first half of the year was as high as 150 million yuan, which was the main factor in its net profit growth."
The media also said that from the 2011 semi-annual report, the financial subsidies obtained by enterprises were higher than the net profit, the net profit was 271 million yuan, and the financial subsidies were as high as 298 million yuan. Due to the reduction in subsidies, it is expected that net profit in the first three quarters of this year may fall by 60%. Obviously, the performance of the company has almost completely followed the increase and decrease of financial subsidies, and the dependence on subsidies is relatively high.
He Zaihua, a senior researcher at China Investment Consulting, also said in an interview that the government's financial subsidies have indeed become a source of profit for LED companies to light up their performance. The domestic LED giants' profits have risen sharply, mainly due to financial subsidies.
Wu Chaoguo believes that the main reason for the growth of Dehao Runda's profit is that the company received the “Technology Three†subsidy of RMB 10 million and RMB 48.4 million from the local government of Wuhu City in March and June 2012 respectively. The net profit is still high.
According to media reports, Sanan Optoelectronics and Dehao Runda's net profit growth rate in 2011 exceeded 100%, of which government subsidies contributed 30% to Sanan Optoelectronics' net profit, and Dehao Runda was 79%. .
There is still a need to think coldly behind the "feast"
Financial subsidies, for some promising companies, can not only add to the company's icing on the cake, but also refresh the company's performance. For some companies that are about to fall into the quagmire of losses, they are in the snow. Being able to get huge government subsidies is a happy thing for companies. Financial subsidies can promote the industry to a certain extent, but it will also cause individual enterprises to fall into the quagmire of such "pies" in the sky.
"On the one hand, through capital subsidies to avoid a large number of industrial enterprises to close down, to help LED companies with market and technological advantages get out of the predicament, in line with China's policy guidance on energy conservation and emission reduction; on the other hand, this will lead to LED companies relying on government financial subsidies Sexuality, reducing its ability to resist risks and market competitiveness, is also not conducive to enterprises in the process of transformation and upgrading, strengthen research and development capabilities, improve the technical level." He Zaihua said.
Subsidized development is like a "opium". If a company is immersed in short-sighted effects for a long time, it is very unfavorable for the development of an industry. To this end, Wu Chaoguo told reporters that the way of bidding subsidies will lead to the dependence of enterprises, and the government's financial subsidies for blood transfusions are often inferior to those of hematopoiesis. In order to truly get rid of the market crisis, LED companies must increase R&D efforts and enhance the quality of products. Enterprises also enhance their competitiveness by merging, developing new technologies and designing new products.
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